2012-09-25
2012-10-03
x schwab

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CNBC 11
MSNBCW 11
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CNN 8
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English 48

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of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that diversified over the past 20 years do make sure they had good portfolios in all the regions, you know, are taking a hit now with europe. i think it's broad based, so it shouldn't be a kno

of the more mature companies. >> what matters is if you create an environment for people to invest in the united states. the last several administrations i went to washington if intel is going to build this next major manufacturing facility the net present value of the facility in a u.s. compared to a lower corporate tax environment is $ billion. it's a tough sell to be patriotic and have that facility in the u.s. cut the corporate tax rate down to a competitive level. i think technology will continue to advance. the problem is keeping the good ideas in the u.s. and create jobs. >> it can happen in spite of things or you can help or be sort of in the way? >> or you can facilitate for an economy which is growing. what we do with foreign graduate students, taxpayer money pays to educate them to get thai masters and ph.d.s and tech topics and our immigration policy says go home. it's a brilliant philosophy. >> you said the growth in intel will be abroad. whatever the tax policy is, i imagine you have to go abroad on manufacturing and engineering. you want to go to the customer. even i

are taking risks. >> oh, sure, in this environment, i mean, you know, we're watching liquidity like a hawk because there's great sense tomorrow morning it could go the other way, in effect you don't invest as much, you don't take as much risk. >> how would you counter the argument that businesspeople and the wealthy have had their way for the past 2030-years as they've increased their lead in terms of income disparity and gotten richer and richer, and you would have hoped that some of that would have trickled down, if it works you would have hoped the average person would have participated in the good times and haven't and you need a president that is going to come in for the powerless people that aren't able to set policy and pay to go do things and you need someone that will represent them in the future. how was is that pretty damned good? >> yes, sir. >> you can take this. thank you for writing it for me. >> i'll get you a job at "the new york times." the reality is as follows. the whole focus has been on how the quote, one percenters or ten percenters, how the top earners moved ahead o

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producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. we have weakness on wall street today. about 30 minutes left before the closing bell sounds. the dow jones industrial average down about 38 points in the home stretch. more from mary thompson. >> just about seven points above the lows of the day for the dow jones industrial average, pressured by europe. we want to highlight one group. you heard seema talking about some of the bounce back and the big tech names earlier today. the tech sector was the weakest performer among the ten we follow. energy right now has taken that slot. turning around in large part because we've seen a turn around in hewlett-packard. they've come off

at the end of 2014 was prefaced on the idea that the surge would have created some better environment from which it would make sense we could leave because things would be better. if that promise is wrong and things after the surge are worse than before the surge, if things are not going to get better by the time we are set to leave, then why are we sticking with that as still being the time to leave? when the pentagon announced the end of the surge last week, when they announced the surge was over, they talked less about blunting taliban momentum and more about how the surge helped us train lots of afghan security forces. in theory, lots of trained afghan security forces is a way afghanistan could get more safe. but right now it's also a way americans get killed. by the afghans we are training and arming. afghan troops are turning around and killing american troops they're supposed to be working with at such a rate now that the training and joint operations between the two forces were halted this month. and have only now started to scale back up. that's the circumstances in which 68,000 a

quarter, given both the domestic and international environments, the uncertainty we've seen, the election is coming. we did well for the third quarter. >> all right. sure did. thank you so much, jackie. don't even think about touching that remote. we have a lot more ahead on this friday edition of the "closing bell." >>> mortgage rates hit rock bottom again, so why aren't home sales blowing through the roof? housing in the spotlight up next. >>> and later, she's actually not crazy. the subsidized program for the poor has mushroomed since 2008 due to possible abuse. we'll talk to congressman tim griffin who's proposing a bill to reign it in. >>> plus, what happens in france stays in san francisco? maria speaks with a mitt romney supporter and hp ceo carly fiorina. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...you see they all have h a deeper knowledgeresting in of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's i

know, but it's important to understand about the libyan security environment that it's very porous. there's abundant weaponry. that's all been stolen from gadhafi's arsenals during the revolution. there is in security services. so, when we talk about preplanned, we have to decide whether it was something that had been planned months in advance, weeks in advance or something that was hastily put together, a couple of cell phone calls half an hour before. they knew ambassador stevens was there and seized the moment. so it may have been planned, but 30 minutes beforehand. >> and of course we get into the whole question of immediate aftermath. when did u.s. intelligence now, when did they tell the white house, which is going to become a crucial issue, who is to blame for any errors that may have happened. from your reporting and you've done a lot in terms of studying these jihadist and extremist groups, what i find incredibly ironic here is that these groups linked to al-qaeda wanted moammar gadhafi to be killed. that was something that was accomplished by the united states, who are th

's get straight to the markets and talk about investing in this environment. gentlemen, good see you. thank you so much for joining us. dan, let me kick this off with you. what do you think happened at end of the day today? seems this market has been trading on some worries last several sessions. yet, we did see some optimism at end of the day. >> absolutely. it's a case of perhaps, you know, still do not fight the fed. what we were watching specifically was apple. you mentioned it. we were looking for support on the stock at around 650. wouldn't you know it, it hit their intraday lows. they don't want to see that stock drop. the interesting thing with that is, you know, apple is a bell weather that's really driving the nasdaq 100, driving a lot of these larger cap benchmarks we follow. if you keep that buoyed, you're going to keep the markets buoyed going forward. >> that's a really good point. i guess, david, for those fund managers who have not owned apple, they're going to be playing catch up fourth quarter so their fund looks better by year end, right? >> it's possible. you have

mass-oriented environments where it's pegboard and they point you to aisle four, go find it yourself. we've done research that shows in certain categories, especially foundation, the consumer shop en masse, she spends more than when she buys in prestige where she buys in the store to the exact match foundation. the value proposition is around service which is why in this market, in north america, very high percentage of the total beauty business that's done in prestige like macy's because of that service proposition and a relatively low, absolute value differential in the price point. >> we continue to see companies go in and have difficulty in china. one company told us last week that western companies are going into china with western views about the chinese consumer and their loyalty and they're finding that that consumer passes them by in different ways. are there lessons you've already figured out on that front? >> we've been doing business in asia for 30, 40 years. and we first started in japan in the early '70s, then expanded into korea and hong kong. we've been in china doing

our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] you.piano ]nnouncer ] get more access with the citi card. we know you. we know you're not always on top of it. and how could you be? that often you just want... quiet. we know all that life demands from you. and how it's almost impossible for

of reality. glen beck left fox news to create his own hermetically sealed media environment. he has a radio show, his own website and tv network where the latter first runs stories reported by the former. while his audience has shrunk dramatically, npr reports his company, the blaze, is expected to rake in more than $40 million this year. his radio contract just doubled to 100 million over the next five years. the increasingly claustrophobic parallel universe isn't something that lefties like myself have noticed. julia sanchez coined the term epi stem mick closure which is found in the multimedia array of blogs, radio programs and magazines and of course fox news where, quote, whatever conflicts with reality can be dismissed out of hand because it comes from the liberal media and is therefore incompetent so he fak tow not to be trusted. this epi stem mick closure can render the ecosystem fragile. i think we are seeing right now just how prophetic sanchez was. the political problems the republican party is facing, losing ground not only in the general election but a wide swath of congression

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. that's what's good about this environment. >> that would seem to suggest a floor on this market, erin. do you feel like we are seeing wear and tear in this rally? would you take profits here? what are you doing? >> no, we still believe in buying. there's still value out there. there's still obviously strong stocks. one thing i would say is we're definitely more biased towards u.s. equities versus european still, even with the ecb announcement. >> in terms of the vulnerable parts of this market, larry, do you see any? >> well, i think there's -- for one thing, if you look at what's going on in china, they are gradually shifting away from investment spending and construction and toward the consumer. for example, we like the energy more than we like the materials. so i think that is one thing that we're looking at in terms of sectors. health care looks very cheap, although with good reason given all the regulatory uncertainty here with the election coming up. yeah, so that's basically it. >> all right. thanks, everybody. we appreciate it. see you soon. we're in the final stretch here. ju

, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back, everybody. we keep our eye on dueling campaign events taking place in virginia today on the right of your screen, mitt romney is now addressing veterans at an american legion post in springfield, virginia, and on the left of your screen we're awaiting president obama, who is going be to attending a grassroots event at farm bureau live, that's an amphitheater in virginia beach. both men courting the military vote today in the state of virginia. that's going to wrap things up for me. "now" is straight ahead. >> we are doing anti-rain dances to make sure you have blue skies for your big day saturday. congratulations in advance, my friend. >> no rain, no rain,

the environment. one other interesting note on polling, if you average the nine states together in the various leads, almost looks identical to the national polls. five and a half point lead for the president, 49, 44 with rounding, which of course is where all the national polls sit around five points for the president. romney starts his morning in a state that hasn't been able to put into play, pennsylvania. he will speak to veterans at valley forge military academy in a philadelphia suburb. only public event of the day. he will be fund-raising in philadelphia, probably the motivation why he is in philly. slew of national polls show how damaging romney's remark on the 47% has been to his campaign. the most recent national polls trails the president by 5 to 8 points. instead of punching a national message, romney seems to be making the parochial argument. yesterday in virginia, warned an american legion audience that devastating job losses were coming if congress and the president go through with the defense cuts called sequestration. >> the impact will be immediate and significant here in vir

my friend but there's no time to snore. they declared war on the schools, the environment, up unions, fair pay. we're all on our own if romney has his way, and he's against safety nets. if you fall, tough luck. so i strongly suggest -- >> we can't finish that. if you read only one thing this morning, i had this conversation with friends all the time. how much does something really cost to make? like a pair of jeans, a pair of glasses? what's the markup on movie theater popcorn? those questions and more answered in my must read. this will get you talking, too. it's on our facebook page. low-c. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that

declared war on schools, the environment, and unions, fair pay. we're all on our own if romney has his way. and he's against safety nets. if you fall, tough luck. so i strongly suggest that you wake the [ bleep ] up. >> well, joining me right now is daily show creator liz winsted. there's something the way these guys can do it and we can never do it, the sort of anti-hero types like sarah and samuel l. jackson. how do they connect with youngers voters who might be a little busy on election day? >> i'm not sure it's even just younger voters, chris. i think sometimes, and when i look at my audiences when i do standup and i'm talking about these issues, i'm surprised i don't see a room full of people that just have purple surprisede with purple foreheads smacking their heads saying, i can't believe this is happening. it is a home run when people sit up and take notice. >> joel stein, your comments on why this stronger language by samuel l. jackson may inspire young voters? >> it's fun. if you're not for obama, it's not going to convince you. but if you need to get to the polls and feel like,

affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. >>> last night on this show we had an exclusive report on something being held up in congress you sort of can't believe would be held up in congress. i'll admit to be fired up about this on last night's show but i still find it unbelievable. here's an simple idea. an american soldier gets killed in the war. that soldier's payment gets a payment, dependency and indemnity compensation, we're sorry, your husband, father, mother or wife was killed. you'd think this would be one of the less partisan inf

that has been able to thrive in all sorts of economic environments. very tough to do in an inno investigation, economy, bill, and where technology moves so fast. as so many of us are witnessing with oracle and its innovation. we have 35 minutes before "the closing bell" sounds. market is higher but well off the highs of the day. >>> hasn't just been stocks making high today. gold hit a nearly one-year high earlier this session, despite beginning what is historically the worst month for the precious metal. will this october buck that trend? we'll look at that coming up. >>> then later on, congress may be on break, yet again, but at least somebody is working on our debt problem. and they claim their solution cuts more than hitting the fiscal cliff would. would be a lot less painful. how's that possible? they're here to explain. stay with us on this. back in a moment. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. governor of gett

business because you have a coal situation and environment and all those concerns. how do you win on that argument in your state and how is mandel running that case? he seems like he's stuck with the romney idea. >> yeah, he is. and i think you win on that by, you know, you know, we've talked enough on this show, chris, and you get this better than almost anybody, that it's not liberal/conservative, left or right, it's whose side you're on. i go to belmont county and zanesville and cambridge and woodsfield and these communities in appalachia. they know i want to keep programs strong for veterans. veterans have a higher unemployment rate. we're always working on helping with manufacturing. there's a lot of small manufacturers in these small communities, and i want to make sure that these workers get an opportunity to send their kids to school. we have more coal mine jobs today in ohio than we did four years ago. it's not a huge number anymore, but it matters in our state, and we're seeing those -- i think those miners come around and support the president in the end in pretty large

in half by 2020. it's good for the environment. it's good for the economy. it's good for our national security. that's what i mean when i say we need to go forward. todo.s what we're going to ne we need to give every american the chance to compete by making sure we've got the best education system in the world. that's the reason i'm standing here today. that's the gateway od the gatew th middle class. and because of the work we've already done, millions of young people are better able to afford college already. and now we've got to do mor by hiring 100,000 new math and science teachers. by making sure that we're providing millions of new slots for folks to retrain at community colleges for the jobs that exist right now. continue to lower tuition costs for students so they're not loaded up with debt once they graduate. my opponent thinks that it makes sense for us to gut our investment in education in order to give a tax break to the wealthy. i disagree. i think what the united states of america means is that no child should be deprived of a good education. it means that no family shou

south and east, that we could have created an environment where we could leave and have them capable of carrying out their continued counterinsurgency missions. the fact is, al qaeda is on the rise throughout the middle east. the fact is that they believe that we are weak. they believe we are withdrawing. i talk to these leaders all over the middle east. and this is part of that scenario. look at what's happened in iraq. over 4,000 young americans, and we now have al qaeda on the comeback. anyway, go ahead, willie. >> history is what it is, senator. i think a lot of us wish we weren't in afghanistan anymore, that we hadn't lost 2,000 lives. >> but there was a way out. it's not as if it was an impossible situation. almost all of us agree there was a way that we could have succ d succeeded. >> fair enough, but we are where we are. so what would you do today? why would another year, five years, ten years change afghanistan? >> i would make a decision as to whether we had a significant number of troops listening to my military leadership to remain there to carry out an environment where

operations are safe and clean for our communities and the environment. we're america's natural gas. [ female announcer ] new roc® retinol correxion max. the power of roc® retinol is intensified with a serum. it's proven to be 4x better at smoothing lines and deep wrinkles than professional treatments. roc® max for maximum results. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> in pennsylvania, real voters getting their say, trumps fake voters casting a ballot. a judge today put a hold on that new voter i.d. state law. and as this commercial shows, the law mandates people show a drive e i.d. like a driver's license to cast a vote. >> if you want to vote, show it. >> show it. >> show it. >> now you don't have to. utility bill, bank statement will still work for this upcoming november 6th election. this judge said there appeared to be a risk legitimate voters ballots would not be counted so he put a hold on the law until the election is over. and pennsylvania's law is just one in a string imp

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